Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

203
Posts
135
Votes
Ben Roberts
  • Rental Property Investor
  • Memphis, TN
135
Votes |
203
Posts

6 properties to be sold together. Is this a deal?

Ben Roberts
  • Rental Property Investor
  • Memphis, TN
Posted

I'm a newbie wholesaler in Memphis, TN.  I got a phone call from one of my yellow letters and the gentleman told me that he has 6 properties he'd like to sell.  He's not desperate but I don't think that automatically precludes this from being a good deal for someone.

The 6 properties are currently rented for a total of $5285/mo.  He's asking $410K total for all 6.  I did some research and feel like the total value is closer to $470K. I feel like if I could help him sell all of them at once, I could probably get him to come down some more on the price. Below is complete breakdown.  

Property #1 Rent $830 - Asking $57K - Value $60K

Property #2 Rent $830 - Asking $50K - Value $60K

Property #3 Rent $830 - Asking $75K - Value $90K

Property #4 Rent $830 - Asking $45K - Value $60K

Property #5 Rent $830 - Asking $53K - Value $60K

Property #6 Rent $830 - Asking $130K - Value $137K

What other numbers do I need? If I were to try to sell them all as a bulk deal, I'd still want to make $5K total, is there room for that?  I've never come across something like this though I'm sure is a regular occurrence for some of you.

Loading replies...